The US and Israel are planning 'one of the harshest bombing campaigns to date' against energy infrastructure targets in Iran, multiple sources told CBS News, with strikes possible throughout the weekend in a move that would mark a further escalation of regional tensions.
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Spanish engineering company Técnicas Reunidas has announced that it has secured two major contracts worth a total of more than $5.75 billion from Abu Dhabi National Oil Company to provide engineering, procurement, construction and installation services for its Upper Zakum megaproject.
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2PointZero Group, a leading Abu Dhabi-based investment holding firm, reported a revenue of AED 21.9 billion ($5.96 billion) for the first half of 2026, delivering a group net profit of AED7.7 billion ($2.1 billion).
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Dubai Holding has contributed 13.5% to Dubai's GDP in 2025 alone, while enabling economic activity estimated at 30% of the city's total GDP through its broader ecosystem of businesses, destinations and districts, the company's first Impact Report said.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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Dubai’s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026, supported by a comprehensive range of economic and investment indicators reflecting strong demand, high liquidity, sustained capital inflows and an increasingly advanced regulatory and digital ecosystem, according to W Capital Real Estate Brokerage.
Mashreq Bank has announced record profit before tax of AED4.8 billion ($1.31 billion) for the first half of 2026, up 18% year-on-year, on operating income of AED6.8 billion ($1.85 billion).
The Emirate of Dubai's population reached 4.580 million by the end of 2025, an increase of approximately 332,000 people compared to the end of 2024, representing a growth of 7.5%, it has been revealed.
Qatar's QAR4.5 billion ($1.24 billion) project to build 14 new schools under the second package of its Schools Development Program has reached approximately 80% completion, marking a significant milestone in the country's efforts to expand education infrastructure through the public-private partnership (PPP) model.
Dubai added 24,800 new units to its residential real estate inventory in H1 2026, a rise of nearly 38% compared to the same period last year and 12% more than in H2 2025, according to leading real estate advisory and property consultancy, Cavendish Maxwell.
Total gold demand during Q2 2026 was flat year-on-year at 1,269 tonnes, as the gold price eased from the record highs seen at the start of 2026, the World Gold Council’s Gold Demand Trends report revealed.
Ardara Company, a unit of Saudi Arabia's sovereign wealth fund PIF, has joined hands with Sumou Holding for the launch of the second phase of its prime Al Wadi development in Abha region, coming up on a 300,000 sq m area at a total investment of more than SAR4 billion ($1.04 billion).
Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.
The United States launched a heavy wave of airstrikes against Iran late on Wednesday, marking the most significant direct attack on Iranian territory in days and sharply escalating a conflict that is increasingly threatening regional security, global energy supplies and international shipping.
India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its key subsidiaries - L&T Energy Hydrocarbon Onshore - has signed a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), thus strengthening the long-standing partnership between the two companies.
The US and Israel are planning 'one of the harshest bombing campaigns to date' against energy infrastructure targets in Iran, multiple sources told CBS News, with strikes possible throughout the weekend in a move that would mark a further escalation of regional tensions.
Kuwait's leading low-cost carrier Jazeera Airways has announced that it is strengthening the UAE operations with additional flights to capital Abu Dhabi and Al Ain starting from August 10. With this move, its total weekly services across the emirates has risen to 29, including three daily flights to Dubai.
The International Association of Dry Cargo Shipowners (Intercargo) warned that attacks on merchant vessels have increased in recent months and called upon governments and parties to armed conflicts to take concrete steps to halt such attacks and ensure the safety of their crews.
Dubai’s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026, supported by a comprehensive range of economic and investment indicators reflecting strong demand, high liquidity, sustained capital inflows and an increasingly advanced regulatory and digital ecosystem, according to W Capital Real Estate Brokerage.
Dubai-based Nikki Bisiker Design Studio has completed its design scope as interior design and interior architecture consultant for an ultra-luxury private villa in Al Barari. The new-build residence spans a basement, ground level, first floor and terrace, with a built-up area of over 24,000 sq ft.
Dubai Investments has announced that it has fully acquired Clemenceau Medical Center Dubai, a leading tertiary care hospital in UAE, after boosting the group's ownership from 20% to 100%. The transaction was structured through one of its key units - Dubai Investments Industries.
Uptime Institute and Tech964 Holding Limited (T964), Iraq’s leading digital infrastructure company, have announced a landmark strategic partnership to accelerate Iraq’s digital transformation.
Total gold demand during Q2 2026 was flat year-on-year at 1,269 tonnes, as the gold price eased from the record highs seen at the start of 2026, the World Gold Council’s Gold Demand Trends report revealed.
Jordan-based Arab Bank Group has reported a 7% increase in its net profit for the first half of 2026 which rose to $571 million from $535.3 million a year earlier, as the growth in fee and commission income helped offset a challenging regional and global operating environment.
Beyon, a leading telecom company and digital enabler in Bahrain, has reported a 7% increase in its Q2 net profit hitting BD18.3 million ($48.5 million), while its quarterly revenue broadly stood flat at BD126 million ($331 million) supported by higher revenue and operational efficiencies.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the UAE, said DTC maintained resilient operations during Q2 2026 and H1 2026 despite a challenging operating environment across much of the quarter.
UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).
The Emirate of Dubai's population reached 4.580 million by the end of 2025, an increase of approximately 332,000 people compared to the end of 2024, representing a growth of 7.5%, it has been revealed.
